#hooters-bankruptcy

#hooters-bankruptcy

According to a new court filing from a major franchisee, three additional Popeyes restaurants have permanently shut their doors, bringing the total number of store closures associated with the franchisee's ongoing bankruptcy proceedings to at least 20. The franchisee, Sailormen Inc. of Miami, Florida, sought Chapter 11 protection earlier this year, citing diminished foot traffic and high inflation.

Sign-making was treated like a commodity - orders in, banners out - but as thousands of signs came through his shop, he couldn't help but notice the difference between the good ones and the bad ones. He could see that every sign that left his shop was either helping a business get noticed, or letting it disappear in plain sight.

This was Shake Shack's strongest earnings print in years, and the numbers back it up across nearly every dimension. The EPS beat was extraordinary, the revenue acceleration is real, and management is putting capital to work efficiently: average new Shack build costs fell 20% YoY to under $2M, making unit expansion far more capital-efficient than it once was.

DANVILLE The principal owner of Blackhawk Plaza in Danville is tangled in a web of failed real estate loans in Southern California that have engulfed multiple banks and created murky prospects for the delinquent properties. Deba Shyam, who heads up Ramanujan Group, the owner of the ailing retail and dining hub near the posh Blackhawk enclave, is a key figure, along with two other real estate executives, in a thicket of murky financing deals for at least 15 Southern California properties and one in Texas.

Just because a restaurant gets as successful as Cracker Barrel doesn't mean everything it touches will turn to gold. By almost any measure the Southern comfort food chain is one of the biggest names in American food, boasting over 650 locations and a cultural ubiquity that is understood by even those who haven't experienced it firsthand. But stepping out of its comfort zone can be a big challenge for any restaurant.

Blue Owl Capital ( ) shares are falling 9% in morning trading today after the firm announced it would permanently halt quarterly redemptions from its Blue Owl Capital Corporation II fund, known as OBDC II. This non-traded business development company (BDC), aimed at individual investors, will instead provide liquidity through periodic distributions as it sells assets and collects loan repayments.

Bob's Discount Furniture, a Connecticut-based furniture retailer backed by Bain Capital, is putting it all on the table. The company is going public, with shares expected to begin trading on Thursday, February 5, after being priced at $17. The retailer raised $331 million in its initial public offering (IPO). Shares will trade on the New York Stock Exchange (NYSE) under the symbol BOBS.

The company posted adjusted diluted EPS of $0.96, matching consensus estimates. Revenue reached $2.47 billion, beating the $2.44 billion estimate by 1.2% and representing 7.4% year-over-year growth. Adjusted operating income climbed 16.5% to $674 million, while reported operating income declined 2.2% to $621 million. Net income from continuing operations increased 5.8% to $274 million, though higher tax expenses tempered bottom-line gains.